Latest News for: lafarge sa

ZURICH, July 4 (Reuters) - Cement maker LafargeHolcim appointed a new manager for its Middle EastAfrica business on Wednesday, a week after saying French prosecutors would investigate predecessor LafargeSA over payments to militants to guard a factory in Syria...Last week it said LafargeSA had been placed under formal investigation by French prosecutors over the matter....

(LHN.EB) said Thursday that its subsidiary LafargeSA has been placed under investigation in France in relation to the operation of a cement plant in Syria and the funding of armed groups in the country. "Bar the qualification of the charges, the placement of LafargeSA under judicial investigation was expected given that several of its former ......

The charges are a new blow for the Franco-Swiss company stemming from the operation by a Lafarge subsidiary of a cement plant in northern Syria between 2011 and 2014, as the country's war raged and Islamic State seized swaths of territory ... The charges predate the 2015 merger of LafargeSA with rival Holcim Ltd to create a combined company....

French construction multinational LafargeSA is being formally investigated in France over allegations that it funded militant factions in Syria, parent company LafargeHolcim said on Thursday ...Lafarge reported a revenue of (€ 12.84 million) in 2014....

PARIS/ ZURICH, June 28- Cement maker LafargeHolcim on Thursday said its French predecessor company LafargeSA has been put under formal investigation into allegations it funded armed militant groups in Syria to keep a plant open. The confirmation came after a judicial source said the company, formed by a 2015 merger between France's Lafarge and Switzerland's... ....

Whilst admitting that the system of supervision of its Syrian subsidiary did not allow the company to identify wrongdoings at the level of this subsidiary, which were the result of an unprecedented violation of internal regulations and compliance rules by a small group of individuals who have left the group, LafargeSA will appeal against those charges which do not fairly represent the responsibilities of LafargeSA....

In SA, where both DangoteCement and LafargeAfrica also have operations, fixed investment expanded in the last quarter of 2017 as sentiment started to change in the run-up to PresidentCyril Ramaphosa winning control of the ANC and becoming national leader in February ...Lafarge Africa reported a loss in 2017, but expects a return to profit this year....

Shareholders of Lafarge Plc yesterday at the annual general meeting (AGM) in Lagos approved plans by the company to issue a N100 billion bond later in 2018 ... Chairman of the LafargeAfrica Plc, Mr ... Also speaking at the AGM, the CountryChief Executive Officer, Lafarge Africa Plc, Michel Puchercos expressed optimism about the performance of the company in the current year....